My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Digits Database Framework
A systematic approach to identifying business opportunities by collecting generation-defining statistics and examining their implications rather than dismissing them as merely interesting facts.
How It Works
Works by recognizing that most people encounter significant statistics and think 'that's cool' but miss the business implications. By cataloging 100+ such statistics and analyzing what they mean for future markets, entrepreneurs can identify opportunities before they become obvious.
Components
Compile significant statistics that most people dismiss as 'interesting'
Analyze what each statistic implies for future behavior
Identify second and third-order effects of the trend
Look for regulatory or technological inflection points
Examine who might capitalize on the trend
When to Use
When looking for new market opportunities, trying to spot early trends, or seeking data-driven business ideas rather than relying on intuition alone.
When Not to Use
When dealing with rapidly changing markets where historical data is less predictive, or when building products for existing well-understood markets.
Anti-Patterns to Avoid
Example
“Bezos seeing internet growth statistics and reasoning that people will buy things online, leading to Amazon. Most people saw the same stat but didn't connect it to e-commerce opportunity.”